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Prediction Markets: Fundamentals, Designs, and Applications
Luckner, Stefan, Schröder, Jan, Slamka, Christian, Skiera, Bernd, Spann, Martin, Weinhardt, Christof, Geyer-Schulz, Andreas, Franke, Markus
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Description for Prediction Markets: Fundamentals, Designs, and Applications
Paperback. Accurate predictions are essential in many areas such as corporate decision making, weather forecasting and technology forecasting. Prediction markets help to aggregate information and gain a better understanding of the future by leveraging the wisdom of the crowds. This book demonstrates that markets are accurate predictors. Num Pages: 141 pages, 31 black & white tables, biography. BIC Classification: KFF; KJMD. Category: (P) Professional & Vocational. Dimension: 210 x 148 x 10. Weight in Grams: 210.
Accurate predictions are essential in many areas such as corporate decision making, weather forecasting and technology forecasting. Prediction markets help to aggregate information and gain a better understanding of the future by leveraging the wisdom of the crowds. Trading prices in prediction markets thus reflect the traders’ aggregated expectations on the outcome of uncertain future events and can be used to predict the likelihood of these events. This book demonstrates that markets are accurate predictors. Results from several empirical studies reported in this work show the importance of designing such markets properly in order to derive valuable predictions. Therefore, the ... Read more
Accurate predictions are essential in many areas such as corporate decision making, weather forecasting and technology forecasting. Prediction markets help to aggregate information and gain a better understanding of the future by leveraging the wisdom of the crowds. Trading prices in prediction markets thus reflect the traders’ aggregated expectations on the outcome of uncertain future events and can be used to predict the likelihood of these events. This book demonstrates that markets are accurate predictors. Results from several empirical studies reported in this work show the importance of designing such markets properly in order to derive valuable predictions. Therefore, the ... Read more
Product Details
Format
Paperback
Publication date
2011
Publisher
Gabler Verlag
Condition
New
Number of Pages
141
Place of Publication
Wiesbaden, Germany
ISBN
9783834933584
SKU
V9783834933584
Shipping Time
Usually ships in 15 to 20 working days
Ref
99-15
About Luckner, Stefan, Schröder, Jan, Slamka, Christian, Skiera, Bernd, Spann, Martin, Weinhardt, Christof, Geyer-Schulz, Andreas, Franke, Markus
Dr. Stefan Luckner works as an IT strategy consultant for a leading management consulting company. Dr. Jan Schröder is co-founder of KENFORX, a company providing methods for collective intelligence like prediction markets. Dr. Christian Slamka works as a consultant in strategic IT management projects in the telecom industry.
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